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S&P 500 Tests Resistance At 5,000, ARM Rockets, Oil Rebounds: What’s Driving Markets Thursday?

Major U.S. stock averages traded on a mixed note at midday in New York, with the S&P 500 grappling with the psychological resistance level of 5,000, while the tech-heavy Nasdaq 100 managed to reach fresh record highs.

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Why Food Giant Kellanova Shares Are Surging Today

Kellanova Co (NYSE: K) posts robust Q4 2023 results, beating estimates with net sales of $3.17 billion and organic sales growth of 6.9%. Adjusted EPS of $0.78 surpasses expectations, reinforcing investor confidence in the company's performance. With a positive outlook, Kellanova reiterates FY24 guidance, expecting adjusted EPS of $3.55-$3.65 and projecting around 3% organic net sales growth. Investors respond positively, driving K shares up by 3.95%.

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